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New Jersey Sports Betting News - Casino Industry Blog: NJ Sports Betting Generated $540 million in January 2020

Written by:
C Costigan
Published on:
Dec/13/2019

Find the latest news pertaining to sports betting and other forms of gambling in the state of New Jersey.  Despite NJ's success, there are some cons.  First, you can't bet on state schools or games they are playing in.  This matters a lot come college basketball season.  Fairleigh Dickinson slipped into the March Madness tournament last year, but it's the Seton Hall Pirates who basketball fans in the Garden State want to bet on. 


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NJ Sports Betting Generated $540 million in January 2020

(February 13, 2020) - Via Stephen Edelson of the Asbury Park Press, New Jersey generated a total handle of $540 million in January 2020. That’s a 185-percent bump over January 2019. Wagering on sports produced gross revenues of $53.6 million in January 2020, nearly tripling last January’s $18.8 million. New Jersey realized tax revenues of $6.6 million for the month.

Of the gross handle of $540 million, more than $470 million was wagered online.

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$562 Million in Sports Bets Last Month in NJ

(December 13, 2019) - New Jersey reported that they handled $562 million in sports wagers in the month of November, breaking the record for the biggest ever monthly handle.

The state created the record of the highest athletic wagering handle in October this year when oddsmakers received bets worth $487.9 million. In November, it broke the record with over $562.6 million in wagers. The house got a net win of $32.9 million, just a little shy of 6%.

Source: GoldenCasinoNews

New Jersey's Mobile Betting Market Bigger Than Ohio's Entire Casino Market

New Jersey’s online gambling platforms generated $67.3 mm in revenue in September, according to figures from the New Jersey Division of Gaming Enforcement.  Much of this is a result of the new football season, but includes Web casino games such as slots and blackjack as well as poker.

NJOnlineGambling.com compared New Jersey's mobile numbers to that of Ohio's four Las Vegas-style casinos. These generated $68.3 mm in gaming revenue, just $1 mm off from New Jersey’s mobile totals. 

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Hard Rock, Seminole Gaming Win Corporate Social Responsibility Award

Hard Rock, Seminole Gaming Win Corporate Social Responsibility Award

Hard Rock International and Seminole Gaming have won the Corporate Social Responsibility Award from the National Council on Problem Gambling (NCPG).  The award recognizes the PlayersEdge casino team member training program, which was introduced in December, 2019.  The award was presented at the recent NCPG Digital Symposium and National Awards Ceremony.  In 2014, Seminole Gaming also received the Corporate Social Responsibility Award from NCPG.

PointsBet to Partner With Denver Nuggets, Colorado Avalanche, More

Sports Illustrated Gambling has learned exclusively that PointsBet Sportsbook has entered into a multi-year partnership with Kroenke Sports & Entertainment, LLC ("KSE").

New Gambling Law in the Netherlands Explained

New Gambling Law in the Netherlands Explained

From rumors to reality, the law that would legalize online gambling in the Netherlands is finally enacted by the Dutch parliament. The Remote Gambling Decree was presented to the parliament, along with two different letters filled with answers responding to questions that had earlier been raised at the previous parliamentary debates. The major points of discussion were in regards to extending the cooling-off period by six-months and whether or not to prohibit the advertisement of online gambling services. At the end of the day, the cool-off period was extended and the proposed ban on advertising was denied. 

Are Online Casinos Legal in the Netherlands?

Are Online Casinos Legal in the Netherlands?

The much-anticipated new gambling regulation in the Netherlands is changing the scene of online gambling and the gambling industry as a whole. The ministry overseeing the new gambling regulations has announced that the new legislation would transform the Dutch gambling industry. After several years of lurking in the shadows, online casino and gambling vendors are now free to roam and legally promote games to Dutch players. So yeah, online casinos have now been made legal in the Netherlands, but with a lot of rules and guidelines, enough to stifle the joy of the news. 

When is a Sportsbook is Responsible for Their Faulty Lines, Koepka a Liability

When is a Sportsbook is Responsible for Their Faulty Lines, Koepka a Liability

""At what point does a sports book become responsible for their own errors?"

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